The Competition Commission of India (CCI) has granted approval for a proposed combination involving Jongsong Investments Pte. Ltd.'s subscription to certain compulsorily convertible preference shares and acquisition of certain equity share capital in Romsons Group Private Limited. This approval, announced on June 16, 2026, through PIB Delhi (Release ID: 2273667), represents a regulatory clearance for the transaction.
The proposed combination entails a dual structure: an internal restructuring within the Romsons Group and the investment by Jongsong Investments. The acquirer, Jongsong Investments Pte. Ltd., is characterized as an investment holding company with no business operations or physical presence in India. It is an indirect wholly-owned subsidiary of Temasek Holdings Private Limited, a Singapore-headquartered investment company. Temasek's global portfolio spans multiple industries including Transportation & Industrials, Financial Services, Telecommunications, Media & Technology, Consumer & Real Estate, and Life Sciences & Agri-Food.
The target company, Romsons Group Private Limited, is engaged in the manufacture and/or sale of medical devices and personal care & hygiene products both in India and globally through exports. The commission noted that a detailed order regarding this approval will follow this initial announcement.